Malibu Boats (NASDAQ:MBUU) Stock Price Down 4.8% - Time to Sell?

Key Points

• Malibu Boats (NASDAQ:MBUU) shares fell 4.8% to $30.81, with trading volume down 35% from average levels, indicating a potential decline in investor interest.
• Analysts have issued negative ratings, with Weiss Ratings reiterating a "sell" rating and Zacks downgrading the stock to a "strong sell," emphasizing concerns over its performance.
• The company's latest earnings report showed a revenue increase of 30.4% year-over-year, but it missed EPS estimates, reporting $0.42 versus the expected $0.44, raising questions about profitability moving forward.

Malibu Boats, Inc. (NASDAQ:MBUU - Get Free Report) shares fell 4.8% on Monday . The stock traded as low as $30.79 and last traded at $30.81. 118,403 shares changed hands during trading, a decline of 35% from the average session volume of 181,716 shares. The stock had previously closed at $32.36.

Analyst Upgrades and Downgrades

MBUU has been the topic of several recent analyst reports. Weiss Ratings reiterated a "sell (d)" rating on shares of Malibu Boats in a research note on Saturday, September 27th. Zacks Research downgraded shares of Malibu Boats from a "hold" rating to a "strong sell" rating in a report on Thursday, September 4th. Finally, DA Davidson lowered their price objective on shares of Malibu Boats from $33.00 to $31.00 and set a "neutral" rating on the stock in a research report on Monday, September 8th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $36.00.

Malibu Boats Trading Down 5.6%

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.63 and a quick ratio of 0.58. The stock has a market cap of $587.90 million, a PE ratio of 39.66 and a beta of 1.20. The stock has a 50-day moving average price of $33.85 and a two-hundred day moving average price of $31.97.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). Malibu Boats had a net margin of 1.84% and a return on equity of 4.93%. The company had revenue of $207.04 million for the quarter, compared to analysts' expectations of $195.28 million. During the same quarter in the previous year, the company posted ($0.39) EPS. The business's quarterly revenue was up 30.4% on a year-over-year basis. Sell-side analysts forecast that Malibu Boats, Inc. will post 1.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Malibu Boats

Several hedge funds and other institutional investors have recently modified their holdings of MBUU. GAMMA Investing LLC boosted its holdings in Malibu Boats by 532.3% during the 2nd quarter. GAMMA Investing LLC now owns 999 shares of the company's stock valued at $31,000 after acquiring an additional 841 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Malibu Boats by 43.3% during the second quarter. BNP Paribas Financial Markets now owns 2,128 shares of the company's stock worth $67,000 after purchasing an additional 643 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Malibu Boats by 346.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,321 shares of the company's stock valued at $73,000 after purchasing an additional 1,801 shares during the period. Strs Ohio bought a new position in shares of Malibu Boats in the first quarter worth about $123,000. Finally, Corton Capital Inc. bought a new position in shares of Malibu Boats in the second quarter worth about $211,000. 91.35% of the stock is currently owned by hedge funds and other institutional investors.

Malibu Boats Company Profile

Malibu Boats, Inc designs, engineers, manufactures, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt. The company provides performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brands.

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